GEORGIA TECH ATHLETIC ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$155,185,786
Program Services
67%
Contributions
31%
Other
1%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$137,809,004
Other
35%
Salaries & Benefits
30%
Offices, Occupancy & IT
15%
Grants
10%
Depreciation
7%
Advertising & Promotion
<1%
Interest
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$28,721,562
$47,990,223
+67%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$97,639,907
$103,484,403
+6%
Membership Dues
$0
$0
-
Investments
$0
$1,631,039
-
Other
$3,505,826
$2,080,121
-41%
Total Revenues
$129,867,295
$155,185,786
+19%
Expenses
2023
2024
Change
Grants
$10,749,372
$13,756,464
+28%
Benefits to Members
$0
$0
-
Salaries & Benefits
$53,111,976
$41,531,686
-22%
Fees to Service Providers
$366,509
$424,277
+16%
Advertising & Promotion
$0
$1,140,912
-
Offices, Occupancy & IT
$18,989,478
$21,305,518
+12%
Interest
$491,182
$690,036
+40%
Depreciation
$9,365,537
$10,172,975
+9%
Other
$45,299,166
$48,787,136
+8%
Total Expenses
$138,373,220
$137,809,004
0%
Net income
2023
2024
Change
Net income
-$8,505,925
+$17,376,782
-304%
Functional Expenses
Summary
2023
2024
Change
Program
$131,732,914
$123,237,062
-6%
Admin
$5,688,251
$14,026,373
+147%
Fundraising
$952,055
$545,569
-43%
Total Expenses
$138,373,220
$137,809,004
0%
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